The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1887-03-31
TRADE TOPICS.
n. G. Dun & CO's Weekly Resume Of
Business at the Principal Centers.

H. G. Dun q Cos Weekly Resume Of
Business At the Principal Centers.
NEW YORK, March Pr. G. Dun
g. Co., in their weekly trade review, say
April is close at hand and some anxiety
as to the money market is usual at this
season. Three banks have been sending
large amounts to the interior through
deposits at the Treasury, and issues of
silver certificates elsewhere, and there
has also been heavy demand for Phil
adelphia exchanges 80 that further
decline in reserves is expected. The
Western and Southern demand for
money has been intensified by desire
to ship products before the Interstate
into effect. Though the demand
at Chicago is reported diminishing,
rates are 6 or per cent. All the cir
cumstances make it comparatively easy
for an operator to produce tight money
if he pleases. The Treasury has taken
in 81 zoo, 900 more gold than it has paid
out during the past week. but has adj
ded So 600 to the outstanding silver
certificates and put out some legal ten
ders also. The reduction of rates by
the Bank of England and the abund-
ance of money in their favor continued
easy in this market, as does the later
foreign trade, the exports from New
York for three weeks being 1S per cent
larger than last year, with imports II
per cent larger. The February official
report shows an increase of 81, 800, 900
in exports over last year, the amount
being the largest since 1888, but
imports were the largest on record
for many years in February and
the excess of imports was
"a, PA, 357, gold exports for the month
exceeding imports by 81 ,533, 1855. Rail-
road business has been large. West
bound shipments from the chief eastern
cities were IA, $50 tons in February,
against 134, $50 last year, but east
bound tonnage was TAI $50 tons against
$50 ,294 tons last year. The temporary
activity of March does not indicate
larger business after the change of
rates, however, nor is the building of
6l6 miles of road against 1876 to date
last year safe indication
as to the future. Reports regarding
the iron business are not favorable, i'm
ports evidently having a depressing
effect. 1t would not be strange if
reaction should. soon begin. The rise
which began in 1871 lasted twenty
months. The rise which began in 1873
lasted sixteen months and. the rise
which began in 1885 has
now lasted about eighteen months.
The volume of legitimate business is
large and increasing, as exchanges and
tonnage records show, but speculation
in most markets is dead. Oil specula-
ton suffers from pending bills in Ohio
and Pennsylvania. Pork products have
reacted little. Wool is lower, the de-
mand for dry goods being slack.
Wheat has declined one cent; corn
about half q cent and oats a shade
with unusually small sales and large
receipts. Cotton and hay advanced a
quarter and coffee half a cent and beef
is stronger, but the prevailing uncer-
tainty affects most branches of bus
mess unfayorably, except as trans
actions are FASTENED to make
shipments by rail before the change in
rates and the expiration of contract.
The business failures during the last
seven days number for the United
States, 2lS; for Canada, Al. Total,
259, against DO last week, and 221 for
the corresponding week of last year.
The casualties this week are consider
ably above the average in the Southern
States and in Canada. In New York
| City there were ten failures; in the
New England States "a and in the Mid
die States 40